Looking to diversify beyond SGGDX? The mutual funds below have the lowest correlation with SGGDX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SGGDX.
Best Diversifiers for SGGDX
1 mutual funds have low correlation with SGGDX (below 0.3), 0 of which are negatively correlated. The least correlated is AQR Long-Short Equity Fund (QLEIX) (Long-Short) with a 1Y correlation of 0.24, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Long-Short Equity Fund | 0.24 | 0.13 | 0.12 | 53 | Long-Short | SGGDX vs QLEIX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.31 | 0.26 | 0.14 | 98 | Nontraditional Bonds | SGGDX vs EGRIX | |
| Franklin Income Fund Class A1 | 0.32 | 0.32 | 0.35 | 84 | Diversified Portfolio | SGGDX vs FKINX | |
| Vanguard Equity Income Fund Investor Shares | 0.32 | 0.31 | 0.32 | 60 | Large Cap Value Equities | SGGDX vs VEIPX | |
| River Canyon Total Return Bond Fund | 0.33 | 0.27 | 0.27 | 73 | Short-Term Bond | SGGDX vs RCTIX |
See all 19 diversifiers for SGGDX
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